Envestnet Asset Management and OneDigital Investment Advisors have reduced their position in
Monster Beverage Corporation, with the former selling off a portion of its holdings. Similarly,
M&T Bank Corp, Truist Financial Corp, and Bank of New York Mellon Corp have also trimmed their holdings. Despite this,
Stifel rates Monster Beverage as a 'Buy' based on its sales growth prospects.
Principal Financial Group has a significant $75.46 million position, while
Novem Group and
IFM Investors Pty Ltd have increased their stakes in the company.
Rothschild & Co Redburn has downgraded its rating from 'Buy' to 'Neutral' and reduced its target price to $60. The company has been appreciated for its potential to maintain momentum despite challenges, including rising aluminum tariffs, while battling with Red Bull and emerging competition. The belief is also that Monster Beverage can further leverage its
innovation and global expansion efforts for growth. It is worth noting that Monster Beverage's response to a short-seller report was forceful, rejecting inaccurate and misleading assertions. Nevertheless, some investors are awaiting a pullback.
Monster Beverage Corporation MNST News Analytics from Sat, 11 Jan 2025 08:00:00 GMT to Sat, 12 Jul 2025 21:29:25 GMT -
Rating 1
- Innovation 7
- Information 6
- Rumor -5
